Amendment status not verified — confirm the current text below against the official source.
Inserted with marginal heading by Act No.16 of 2007. Associate Member. Validation. Act 22 of 2001. Act 6 of 2005. Disqualification for membership of society. 38 [Act No.7 of 1964] (a) is an applicant to be adjudicated an insolvent or is an of society insolvent; or 81[(aa) is not eligible for membership under section 19;] (b) has been sentenced for any offence involving moral turpitude, such sentence not having been reversed and a period of three years has not elapsed from the date of the expiration of the sentence; or (c) is a paid employee of the society or of its financing bank or of any society for which it is the financing bank; or (d) has been expelled from membership under this Act and a period of one year has not elapsed from the date of such expulsion; 82[or] 83[(e) is carrying on business of such kind as the Registrar may, by general or special order, declare to be a business which is in conflict with the objects or interests of the society;] 84[or (f) as such member fails to transact such minimum business or utilise minimum services or facilities in a year as may be specified in the bye-laws; or in respect of Housing societies if the member sold out the plot alloted to him/her; or